Hilton Smythe is delighted to welcome to the market this well-established and very popular bakery business with cafe in Cross Gates, Leeds.
The award winning business was established many years ago and has been in our clients careful ownership since 1975. Only now is the business being offered to the market due to our clients desire for a well-deserved retirement. The business operates 6 days per week and generates a turnover in the region of £202,000 per annum, with a gross profit of approximately 73%.
Our clients offer a variety of services including a couple of wholesale deliveries with huge scope to develop, and supplies to other establishments, while the shop itself offers breads, pies, cakes, sandwiches and drinks etc. The business has built up a tremendous reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We are advised that a leasehold option is available for £49,950 with a rent of £150 per month and an option to buy after 5 years.
The property has been very well maintained and fitted out to a very high standard. The property has also recently been re-roofed. We feel the turnover could be increased by extending the opening hours of the business, as well as expanding the wholesale and delivery side of the business. A new owner could also embark on a modest marketing campaign to highlight the business and goods/services offered. A website to promote the business could also be established.
This is an excellent opportunity for a new owner to take this already thriving and profitable business to the next level; therefore early viewing must come highly recommended to avoid disappointment.
A.W. Scott occupies substantial three-storey premises, ideally located in Cross Gates, Leeds, West Yorkshire. The property is situated within a parade of complimentary shops and businesses on the busy Austhorpe Road, therefore benefiting from a heavy footfall and passing trade. The business also benefits from on-street parking facilities within the area. The property is surrounded by densely populated residential areas, from which the business derives much trade.
Cross Gates is a very popular place in which to live and work, due to its close proximity to Leeds city centre. According to the 2011 census, Leeds has a residential population of 757,700, making it the third largest city in the United Kingdom. The city has the fourth largest student population and is therefore one of the UKs hotspots for nightlife.
There is a lot of investment in the area, with many more retail outlets being added. The post office which is close by is in the process of building 4 retail shops on the side. Also there is a proposed Weatherspoon’s and Papa Johns Takeaway these are fantastic additions to the area and is proposed to bring in further footfall.
The area of the business is well-served by the public transport system, with bus stops within easy walking distance of the property. Cross Gates railway station is just over 5 minutes walk away. The area is also well served by the A-roads, with the A6120 being within easy driving distance, which links to the national A-road and motorway networks. Leeds city centre is approximately 5½ miles away and York is 20½ miles away.
Prominent three-storey property in a prime trading position, briefly comprising:
Lower ground floor with:
Large cellar with 2 x stock rooms and large office.
Ground floor with:
Large sales and display area set over two levels.
2 x large serve over display units.
Tables and chairs for 12 x covers.
Wooden display shelving.
Large work/service area.
Large commercial bakery to rear.
First floor with:
Second floor with:
Internal stairway with a new Velux window.
Covered outside covered seating area with 12 x covers and side concertina folding doors.
Ford delivery van 2003 registered.
2 x serve over deli style display units.
2 x electronic cash registers.
Tables and chairs.
80 quart mixer.
Spiral bread mixer.
2 x prover trays.
4 x deck electric oven.
2 x blocking machines.
Under counter refrigerator and freezer.
Stainless steel units and preparation tables.
Double sink unit and drainer.
3 x freezers.
We are advised Freehold.
We are advised a leasehold option is available for £49,950 with a rent of £150 per week and an option to buy after 5 years.
The business is open:
Monday – Friday: 8.00am – 5.00pm
Saturday: 8.00am – 4.00pm
The business is owner run and managed with 2 Bakers. 2 full time and 2 part time staff and 2 Saturday girls working in the shop.
We are advised that the business could probably be run with 1 Baker as they are currently supplying another shop until June 2015.
The business generates a turnover in the region of £202,000 per annum, with a gross profit of approximately 73%.
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